The Fable of the Dragon Tyrant (ETH: $TYRANT) Project was inspired by Vitalik Buterin. It is working to bring the world into Web3, allowing them to showcase their passions permanently and uniquely.
The Premise Of Fable Of The Dragon (ETH: $TYRANT)
The project is premised on a concept first introduced to the world in 2022 by Vitalik Buterin called Soulbound NFTs. The main difference between these types of NFTs and normal NFTs is that Soulbound NFTs cannot be traded or transferred.
The Dragon Tyrant(ETH: $TYRANT) project expanded upon this concept to create The SoulFire -Proof of Purpose Protocol (PPP). Through the protocol, organizations, like SENS research can create Soulbound NFTs, which are representative of the mission and purpose.
Each NFT has three sections:
- The Cause
- The Organization
- The Artwork
Users who feel a connection to an organization’s cause can mint Soulbound NFTs, which are sent to their wallets for eternity. That allows them to bridge their Web2 identity to causes they believe in.
It allows participants to seamlessly donate to their favorite causes, collect Soulbound tokens that represent what they believe in, and discover like-minded individuals that share similar interests. They can also showcase their SoulFire profile on social media platforms.
SENS Research – The First Cause
The first cause that Fable of The Dragon (ETH: $TYRANT) is working on is SENS research. This is a non-profit anti-aging research organization. SoulFire will grow into a powerful platform that leverages the blockchain to bring attention to world-changing causes. With the platform, charities can choose how much they wish to charge.
Vitalik Buterin – SoulFire Is The Future
Recently, Vitalik Buterin (VB) has stated on social media that he may no longer accept individual donations. With VB being the creator of the Soulbound NFT concept, it is likely that he could redirect all future donations to the SoulFire platforms.
All individuals who identity will Vitalik’s vision of a world governed by the blockchain and online freedom, will find SoulFire a useful platform. It will allow them to express their belief in Vitalik’s vision By displaying their SoluFire platform on social media.
AS a show of respect, the project delivered a 3D model of Vitalik on the back of a Dragon that now sits at the Sens Research Foundation media room.
With Vitalik’s association with SoulFire, it could massively push up interest in the TYRANT tokens, sending their market cap to over $100 million in coming weeks.
How To Take Part In The Project
One of the best options for becoming part of the future of online donations is via the $TYRANT token. These tokens will be at the core of the project, and while it is still in development, a launch will happen soon.
By being amongst the first to own $TYRANT tokens, you will have an opportunity to associate with projects that are helping to shape a better future for humanity.
TYRANT Token Performance
The token’s price has risen 19.22% in the past 12 months, while over the past month, the token is up 5.89%. TYRANT tokens are currently trading at a 94.6% discount to their all-time high of $0.993 achieved on December 3, 2022.
You can purchase Fable of The Dragon (ETH: $TYRANT) tokens on DEXTools at $0.0549 per token presently. However, as the project matures, and interest grows, the value could potentially increase.
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